Stripe is a payment processing platform that allows businesses to accept payments online. It provides a suite of tools and APIs that allow businesses to manage transactions, subscriptions, and recurring payments. Stripe is designed to be easy to integrate with websites, mobile apps, and other online platforms.
To use Stripe, businesses need to sign up for an account and provide some basic information about their business, such as their company name, address, and tax identification number. Once the account is set up, businesses can start accepting payments by integrating Stripe's payment processing API into their website or mobile app.
Stripe supports a variety of payment methods, including credit and debit cards, Apple Pay, Google Pay, and various local payment methods depending on the country in which the business operates. Stripe's payment processing fees vary depending on the payment method used, but they typically range from 2.9% + 30 cents per transaction for credit card payments in the United States to 1.4% + 20p for European cards.
One of the benefits of using Stripe is its focus on security and fraud prevention. Stripe uses machine learning algorithms and other techniques to identify and prevent fraudulent transactions, and it provides tools to help businesses reduce their risk of fraud.
Overall, Stripe has become a popular payment processing platform for businesses of all sizes, from small startups to large enterprises, due to its ease of use, security, and flexibility.